“The compound feed market is projected to grow at a CAGR of 4.2% during the forecast period.”
According to MarketsandMarkets, the global compound feed market is estimated to be valued at USD 521.3 billion in 2022. It is projected to reach USD 641.2 billion by 2027, with a CAGR of 4.2%, in terms of value between 2022 and 2027. The market is gaining momentum with increasing demand for providing more nutritious food to livestock to optimize livestock productivity.
Additionally, the need for high-quality meat & dairy results in the need for compound feed. Key players have been investing significantly in R&D to cater to changing consumer preferences and reduce production costs.
“By ingredients, the cereal segment occupies the highest market share during the forecast perio......
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“The feed preservatives market is projected to grow at a CAGR of 6.7% during the forecast period.”
According to MarketsandMarkets, the feed preservatives market was valued at USD 4.5 billion in 2021 and it is projected to reach USD 6.7 billion by 2027, with a CAGR of 6.7%, in terms of value. Feed additives are non-nutritive products added to the basic feed mix. The increasing meat consumption is growing steadily in the global market. The key players are strengthening their livestock sectors by integrating their feed business operations to the end of the supply chain. Some of the other factors which contribute to the growth of the market are the growing application of livestock in the food industry, the increasing need for natural preservatives, etc.
“By type, the anticaking age......
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“Government support with farm loan waivers/ credit finance and OEM/sales incentives to support dealer service and rental operations are expected to drive the farm equipment market during the forecast period.”
The global farm equipment market is projected to grow from USD 99.4 Billion in 2021 to USD 126.0 Billion by 2027, at a CAGR of 4.0% during the forecast period. There has been a significant increase in farm equipment production over the years. However, in 2020, factors like COVID-19, limited supply of farm equipment parts, drop in the first half of new tractor sales, the shutdown of production facilities, and a decline in working capital, resulted in the decline in global farm equipment production.
However, manufacturing facilities, opening of international borders, and gover......
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The Vertical Farming market is expected to grow from USD 3.1 billion in 2021 to USD 9.7 billion by 2026; it is expected to grow at a CAGR of 25.0% during the forecast period. The major driving factors for the growth of the vertical farming market include high yield associated with vertical farming over conventional farming, year-round crop production irrespective of weather condition, advancements in light-emitting diode (LED) technology and requirement of minimum resources.
Hydroponics growth mechanism Segment to dominate vertical farming market during forecast period
The hydroponics growth mechanism is used widely by commercial growers. It is easier to set up, costs less than other mechanisms, and has a higher return on investments (ROI). Comparing the investments required to set u......
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“The agricultural pheromones market is projected to grow at a CAGR of 16.1% during the forecast period.”
The global agricultural pheromones market is estimated to be valued at USD 2.9 billion in 2021 and is projected to grow at a CAGR of 16.1% to reach USD 6.1 billion by 2026.Increasing demand for high-value crops, such as organic fruits & vegetables and organic commodities among consumers, is projected to spur the pheromones market over the forecast period. Nowadays, consumers are conscious of the safety and nutritional value of the food they are consuming, thereby transforming the implementation of pest management programs and the utilization of pesticides. Farmers are employing environment-friendly and sustainable initiatives to decrease the usage of traditional pesticides th......
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“The plant factory market is projected to grow at a CAGR of 7.2% during the forecast period.”
According to MarketsandMarkets, the global plant factory market size is estimated to be valued at USD 121.8 billion in 2021 and projected to reach USD 172.5 billion by 2026, recording a CAGR of 7.2% during the forecast period One of the major drivers is that it provides higher yield compared to traditional agricultural techniques, owing to the increase in harvest cycles.
“By facility type, greenhouses are projected to dominate the market during the forecast period.”
Greenhouses are high-tech structures dedicated to the cultivation of plants, particularly vegetables, flowers, and fruits. Environmental elements such as temperature, light exposure, irrigation, fertilization, humidity......
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Rising demand for organic food products supports the growth of the hybrid seeds market.
The global hybrid seed market size is estimated to be valued at USD 25.2 billion in 2021 and is projected to reach USD 34.9 billion by 2026, recording a CAGR of 6.7%. Factors such as increasing application of cereals & grains in the feed, food, and biofuels industry alongside growing technological advancements such as the adoption of hybridization and are propelling the growth of the hybrid seeds industry.
The recent COVID-19 pandemic is expected to impact the global seeds industry. The outbreak of COVID-19 has widespread implications on all the commodity markets, including seeds. North American seed market includes some of the key countries in global seed market such as US, Canada, and Mexi......
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“The insect repellent active ingredients market is projected to grow at a CAGR of 9.0% during the forecast period.”
According to MarketsandMarkets, the insect repellent active ingredients market is estimated to be valued at USD 884 million in 2021 and is projected to reach USD 1,361 million by 2026, recording a CAGR of 9.0%, in terms of value. The market is primarily driven by factors such as increasing demand and consumption of insect repellent products globally. North American region accounted for largest the market share in the insect repellent active ingredients market owing to the presence of households and livestock population and their growth. However, one of the restraining factors in the growth of the insect repellent active ingredients market is the straight rules and re......
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“The molluscicides market is projected to grow at a CAGR of 8.5%.”
The molluscicides market is estimated at USD 711 million in 2021 and is projected to reach USD 909 million by 2026. It is projected to grow at a CAGR of 8.5% from 2021 to 2026. The market is primarily driven the increased commercial production of horticulture crops such as fruits, vegetables, herbs, and nuts in recent years. The demand for such crops of refined and varied characteristics has been increasing worldwide, thereby increasing the market for molluscicides products.
Molluscicide resistance is the natural ability of mollusks to survive exposure to strong active chemicals due to genetic modification and exhibit low susceptibility levels. Attaining this is the major challenge faced by the molluscicides ind......
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The rise in demand and consumption of livestock based products is one of the major driving factors for the Feed premix market.”
The global feed premix size is estimated to be valued at USD 24.3 billion in 2021 and is projected to reach a value of USD 32.9 billion by 2026, growing at a CAGR of 6.2% during the forecast period. The growth of this market is attributed to the increasing demand and consumption of livestock-based products.
Although the regional network to reach customers (such as compound feed mixers and integrators) is established through distributors, the feed premix market has been moving toward a more service-based offering gaining popularity in the market. The distribution of premixes without damage to the nutrient quality requires effective packaging systems and a s......
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